Sale of household and commercial chemicals manufacturer to German multinational
Chemtek is a manufacturer of liquid cleaners for household and commercial use. The business is based in Coventry and has a workforce of 130. Products include own-label equivalents to Mr Muscle Shower Shine and Flash Shower Mist.
Orbis advised on a sale of Chemtek. The Shareholders wanted to sell to an organisation which would provide Chemtek a platform to realise its potential.
Orbis identified two key buyers, one UK and another overseas and quickly aligned the process with the strategic overseas buyer – Henkel, a multinational company headquartered in Germany with global turnover in excess of €15bn. During the process 25% of Chemtek’s sales were put out for tender and Orbis successfully managed this within the sale process and negotiations to achieve a strategic valuation of 13x from the purchaser.